DORCHESTER WEALTH MANAGEMENT Co reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,035 shares of the cable giant’s stock after selling 1,650 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Comcast were worth $2,645,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast during the second quarter valued at $107,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Comcast during the third quarter valued at $104,000. Clear Perspective Advisors LLC boosted its position in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the last quarter. Willingdon Wealth Management purchased a new stake in shares of Comcast during the third quarter valued at $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Comcast during the second quarter valued at $165,000. 82.26% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Co. (NASDAQ CMCSA) opened at $39.79 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The company has a market capitalization of $184,804.94, a PE ratio of 19.32, a PEG ratio of 1.53 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts expect that Comcast Co. will post 2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.91%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is 13.21%.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. Insiders sold 784,158 shares of company stock worth $31,070,439 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.
A number of research firms have weighed in on CMCSA. Pivotal Research reissued a “buy” rating and issued a $52.00 target price on shares of Comcast in a report on Wednesday, January 24th. Bank of America increased their target price on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities increased their target price on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Co increased their target price on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays set a $43.00 target price on Comcast and gave the company a “buy” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.74.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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